Monday, Jul 23, 2007
Landlord... see what the real experts say
Mail: Is there any property profit left?
Joss Harwood, chartered financial planner at Eldon Financial Planning in Bishop Auckland, County Durham, says: 'Exposure to property is a good thing, but it can be difficult to get across to investors the danger of putting all your eggs in one basket. 'If investors pile all their savings into one buy-to-let property, they do not have a diversified mix of investments. They will also be saddled with an asset that is difficult to liquidate, should they need the money.'
Posted by confused76 @ 06:44 PM (163 views) Add Comment
9 Comments
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1. confused76 said...
If you have the chance to read the article from top to bottom, it is pure rubbish, but entertaining in a way.
Evidently the journalist has a ton of vested interest in promoting alternative property investments. Unfortunately, this year the return on property funds is poor. What really people fails to comprehend is that with high interest rates, returns on ALL ASSET CLASSES (compared to govt gilts) are down.
Really cant do much to help there.
2. denzil said...
Only the completely stupid would now consider BTL as a good investment. A fair gauge of the situation is dinner party talk. Three years ago it was BTL portfolio, now it is how high with IR's go and will property prices "decline".
I use the word "decline" because it is too scary for those other than subscribers to an HPC that a "crash" could occur.
3. confused76 said...
... however, direct investment in BTL is madness, that is clear
4. dohousescrashinthewoods said...
Landlord, you have provoked, baited, insulted, lashed out and threatened on this site. Your behaviour is unacceptable and yet readers of this site have offered you their best, genuine responses with what grace and patience they have. Posters here have earned my respect and affection. It will not have escaped your notice that you are not earning theirs - or mine. I trust you will understand if I no longer respond to your contributions and, should others feel that this too good a site to be knocked off course by one poster, I would welcome their agreement, stated or silent. Webmaster must be having a complete headache, trying to be absolutely fair and impartial and yet seeing his site pushed around. It is time for members and readers to vote with (or without) our comments and clicks. If you are here to participate, do so, and you will be welcomed. For now you have got a lot of backs up, so I think it's best if you take a time out.
5. paul said...
Well as someone who was called something non-too-complimentary when I questioned his motives and credence, I feel that if Dean is going to earn anyone's respect here he might seriously consider
a) Posting under the name "Dean" rather than some moniker "The Director/The Membership Director of the Landlord Association"
b) Stop posting articles which are short on facts and high on unvalidated opinion. Just because you're upset by the news posted here doesn't mean your opinions are more important.
c) Seek discussion rather than confrontation.
6. Scott said...
Ok then Paul! All cards on the table. Clearly we all know who Dean is but what about you Paul and the rest of you posters? What are your occupations? What part of the UK do you live? What is the market like there? And finally, what are your predictions?
7. Orwell said...
A Solicitor in the South West. I have seen many many insolvencies and one deep HPC although not the really big one in the mid 1970's that this could become...
IR's at 7.5% by May next year, Repossessions about 60000 and rising...
House prices 65% less by late 2009...
8. paul said...
Scott, the point is that I could identify myself as Right Honourable Overlord of the Underdog from the Association Of Esteemed Whippets, but I don't. Paul is my real name too.
And what about you Scott?
9. Scott said...
My real name is Scott. I am from Stoke-on-Trent but I am living and working in London. I am in IT. I have been down in London now for a year but I am leaving next year because it has gone from a big city with high costs (plus high salaries to make it affordable and appealing) to the playground of the super-rich, whereby if you are not in a super rich area that resembles Dubai, you are in one of the outer areas that more resembles Bosnia. The fact that a 1-bed flat in murder mile (Hackney) can cost 160K is just ridiculous, which is why I know most of the people in here are right.